The Tab Raises $3M For Its Hyperlocal News Site Written By Unpaid Student Journalists

The online disruption of journalism continues apace. TodayThe Tab, a hyperlocal news site aimed at young people and written mainly by “grassroots” (read: unpaid) student journalists, has raised $3 million from Balderton Capital to build out its business.

 

This is The Tab’s first fundraise and the startup — originally founded in the UK — will be using it to expand in the U.S., out of an office in New York run by co-founder and editor-in-chief Jack Rivlin.Up to now, The Tab has made its name in the UK, where the company has — mainly by word of mouth and social media channels like Snapchat that are already used by its target demographic — picked up some three million monthly unique visitors and over 90% penetration at 32 universities.

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